Net Asset Value(s)

The company announces the following unaudited data                             
                                                                               
as at 20 November 2009 - Using BID Valuations                                  
                                                                               
NAV per ord share (exc income) with debt at par value                  785.62p 
                                                                               
NAV per ord share (exc income) with debt at market value*               777.62p 
                                                                               
NAV per ord share (Incl income) with debt at par value                 807.78p 
                                                                               
NAV per ord share (Incl income) with debt at market value*              799.78p 
 

*based on the latest available market price of the debenture debt

                                                                              
For more information please visit our website at                               
www.templebarinvestments.co.uk/